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Partnership

Spinny becomes Tesla’s exchange partner in India

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Spinny logo
Date
Company
Spinny
What it does
Tesla partnership
Kind
Partnership
Based in
Gurugram
Founded
2015

What they do

Tesla picked Spinny as its preferred partner to take in petrol and diesel cars from people buying a Tesla in India

What happened

The tie-up is part of Tesla’s Switch and Save programme, which aims to make moving to an electric car simpler

Why it matters

Spinny links its car-selling service to the Tesla purchase, so the old car’s value goes toward the new one

The details

  • Tesla chose Spinny as preferred exchange partner.
  • Part of Tesla’s Switch and Save programme.
  • Buyers trade in petrol or diesel cars.
  • Spinny handles valuation and pickup.
  • Offers included up to Rs 25,000 benefits on Model Y.

The bigger picture

  • Trade-ins lower the cost of switching to an EV.
  • It brings Spinny a steady flow of good used cars.
  • It adds to deals with new-car brands like Nissan.

About the business

  • Spinny buys, checks and resells used cars online and through its own car hubs.
  • Almost all revenue (about 98%) comes from selling cars; the rest from commissions, services and ads.
  • It also runs car loans, the GoMechanic servicing business and the Autocar India titles.

Founders

  • Niraj Singh, Founder and CEO
  • Mohit Gupta, Co-founder
  • Ramanshu Mahaur, Co-founder and CTO

About Spinny

Product
A platform that helps consumers buy, sell, and exchange used cars.
Customers
Individual car buyers and sellers, plus dealers and OEM partners.
How it makes money
It earns from car sale margins, exchange activity, and related services such as financing and warranties.
What sets it apart
Certified inspection and a managed, end-to-end transaction experience.
Operations
Operates an inventory-backed and platform-assisted used-car retail network.

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